Friday, November 20, 2009

Archipelago Learning Off To a Fast Start

The marketcap lines may soon intersect and with the upstart becoming more valueable. K12 has revenues of $350MMish and a marketcap of $523MM this morning. Archipelago, in its first day after its IPO debut, has convinced investors that its $40MM of revenue is worth $469MM. Shares are up about 13 percent since yesterday's IPO.

I'm hopeful that some of the luster associated with ARCL will rub off on LRN, a similiar story and, I believe, a better investment.

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